Good article. I wish someone would explain what happens to the funds in a swiss bank account when the owner dies.
The Swiss banker buys a new chalet.
As per my post above, The Swiss have many legal and technical excuses and difficulties to hold the funds indefinitely... LOL! (taht is, unless the Swiss would be friends with terrorists, which I think, at the bottom, they are not and would not). Add to that a major dispute with a Will-less Arafat, and I don't know how in the world those funds would get released. That Suha got 60 milion is surprizing, but, is not if Arafat was not declared dead.
You see, so long Aririfit is alive, officialy, according to corrupt French politicians who want to favor this or that person, the Swiss can let Suha dip into the joint accounts as per her mandate on such accounts (which means only a limited amount at a time per year). However, when declared dead, the spigot is shut completely.
Funny to see Suha fighting the PLO so she can keep her toe nails pink. Then again it could be a choreography. I dunno. It seems many have pulled strings for Arafat and major accounts might be in sure hands, while they are currently fighting over the crumbs. In any case, the EU will now have to decide to whom to send the money for PA subsidy.
I suspect a new version of the Nigerian email scam is about to start.
The world's designated money-laundering nation paves Swiss streets in gold.
They escheat to the Canton.
Ask the Holocaust survivors who tried to claim their loved ones' accounts.
I've never heard. But it would be good to know.
They sit there until someone proves a claim to them.